Al Gore now richer than Mitt Romney

With the sale of Current TV, the former vice president's fortune is pegged at more than $300 million.

By Aimee Picchi Jan 9, 2013 1:48PM

Al Gore in December 2011 (MCMULLAN CO/SIPA/Rex Features)A lot has changed for former Vice President Al Gore, who left the White House with a reported $1.9 million net worth.

With an estimated $100 million gross profit from the sale of his Current TV to pan-Arab broadcaster Al-Jazeera, Gore is now worth more than $300 million, according to an estimate from

That puts his net worth well ahead of that of former presidential candidate Mitt Romney, who has an estimated fortune of $230 million and was often mocked for being out of touch with ordinary Americans during the election.

Gore's wealth accumulation began soon after he left the White House in 2001. Apple (AAPL) tapped him in 2003 to serve on its board, and the former vice president held more than 100,000 shares and options in the tech company as of Dec. 17, according to a regulatory filing. That makes Gore's stake worth more than $56 million, based on Apple's recent trading price. 

Google hired Gore to serve as a senior adviser on environmental issues in 2001, a role he held for three years. He doesn't have a formal financial relationship with the company currently, reports. 

Gore also has his hand in a global investment company called Generation Investment Management, which he founded in 2004 with ex-Goldman Sachs (GS) executive David Blood. Together, Blood and Gore have reportedly built a company with assets under management of more than $6 billion.

The truth is, serving in the White House often proves beneficial to a person's financial health. 

Take a look at former President Bill Clinton, who since leaving the White House has built a net worth of about $38 million, helped by income as an author and public speaker. He's able to command speaking fees of more than $700,000, although more typically he is paid in the $500,000 range for his public events, reports

Still, Gore's new wealth may strike some people as being at odds with his image as an environmental do-gooder.

Conservative television host Bill O'Reilly condemned Gore as a hypocrite, citing a report that he wanted to sell Current TV to Al-Jazeera before higher taxes kicked in on Jan. 1.

Other people have pointed out that Current's sale to Al-Jazeera, which is backed by Qatar, "reeks of irony," given Qatar's oil-based economy, which might not jibe with Gore's environmental message from "An Inconvenient Truth."

Gore's net worth might not be as high as Forbes estimates: Bloomberg, for one, pegged his profit at $70 million from the Current TV sale. If that's the case, his net worth might be only $270 million or so -- but that's still higher than Romney's. 

More on Money Now

Jan 9, 2013 3:02PM
Typical of the liberals and the media who HATE the rich republicans but LOVE THEIR rich democrats like the Kennedys, Al Gore, John Kerry among others.  Their wealth is never mentioned, nor is it used AGAINST them.  The media and liberals are hypocrits when it comes to democrats and THEIR riches.
Jan 9, 2013 2:53PM
avatar warming, selling out to the enemy so now they promote their crap in the US.  He is as big as piece of wasted human debris as the other friends of his, Clinton, Obama, Kennedy, etc.
Jan 9, 2013 3:06PM
why is it that his ownership of occidental oil corp is always overlooked?
Jan 9, 2013 3:32PM
Didn't our President win the election because we're supposed to hate wealthy people, we're supposed to demonize those that worked hard and became successful; we're supposed to fix Obama's spending addiction by taxing just 2% of the population.  Do the liberals hate Gore?  And what about Kerry, who makes Romney look like a homeless person when it comes to wealth.  Why doesn't the media jump on the fact Kerry keeps his $7.5 million custom built yacht in Rhode Island so he can avoid paying the $500,000 luxury tax he'd have to pay if he kept it in his home state.  No hypocrisy here.  I guess the liberals will say he's smart, but they'd call a GOP a tax cheat.
Jan 9, 2013 3:20PM
Gore is a traitor when he was vp he sold military tech stuff to china and now he sells his tv station to al-jereza he is not looking out for the USA just himself and our enemies
Jan 9, 2013 3:10PM
Thanks Al,
Now you are pushing for Muslim brotherhood to infiltrate our country and beliefs. Thanks. And you dodged paying your fair share. Oh, and I just can't wait until you begin to sell air to each and every human being on earth.   You're a genius!

That's so awesome, Al, our pal!

Jan 9, 2013 3:29PM

What a jerk! I totaly agree with itnm on this one.

Liberal hypocrites love to hate the rich conservatives.

Look at brad pitt and most of hollyweird.


Jan 9, 2013 3:32PM
Bahahahaha. Who saw this coming? Funny how it is okay to be filthy rich if you are a libtard, but not when you are a conservative. They are all hypocrites!
Jan 9, 2013 3:26PM
How much you wanna bet he got the deal done before the Tax Hikes kicked in. Hypocrite. 

I would have thought he'd be worth a lot more than that,
considering that he "Created the Internet"..................

"Take a look at Former President Bill Clinton, who since leaving the White House has built a net worth of about $39 million, helped by income from Cigar Sales."  ;o
Jan 9, 2013 3:34PM

Never ceases to amaze me how the Democrats are supposedly for "the little guy" and the middle class, defending them against the mean Republican rich guys, but they themselves are rich capitalists.

They give little if any to charity but want all us upper middle class workers to fund the welfare class who are on the government dole.

Jan 9, 2013 3:37PM
Who do you reckon has a larger carbon footprint - the poor bastard worth $1.9 million or the rich bastard worth $300 million?  I'm guessing Big Al will be generating CO2 emissions like never before.
Jan 9, 2013 3:27PM

Mat 16:26

For what is a man profited, if he shall gain the whole world, and lose his own soul? or what shall a man give in exchange for his soul?



Jan 9, 2013 3:25PM
Thank God Al invented the internet else we wouldn't be reading and posting. 
Jan 9, 2013 2:58PM
He may be richer with his liberal hating capitalistic money but poorer in all other aspects of life!
Jan 9, 2013 3:35PM
I'm sure Mr. Gore is laughing at his critics.  All the way to the bank.  
Jan 9, 2013 2:50PM
 Together, Blood and Gore have reportedly built a company with assets under management of .  Blood and Gore seem to be big business these days!
Jan 9, 2013 3:16PM
But neither could buy the white house
Jan 9, 2013 3:26PM
Well that means that liberals must hate algore too............right?
Jan 9, 2013 3:20PM
Jan 9, 2013 3:38PM
Gore wins the Hypocrite of the Year Award.
Please help us to maintain a healthy and vibrant community by reporting any illegal or inappropriate behavior. If you believe a message violates theCode of Conductplease use this form to notify the moderators. They will investigate your report and take appropriate action. If necessary, they report all illegal activity to the proper authorities.
100 character limit
Are you sure you want to delete this comment?


Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.

Trending NOW

What’s this?


[BRIEFING.COM] The stock market finished an upbeat week on a mixed note. The S&P 500 shed less than a point, ending the week higher by 1.3%, while the Dow Jones Industrial Average (+0.1%) cemented a 1.7% advance for the week. High-beta names underperformed, which weighed on the Nasdaq Composite (-0.3%) and the Russell 2000 (-1.3%).

Equity indices displayed strength in the early going with the S&P 500 tagging the 2,019 level during the opening 30 minutes of the action. However, ... More